This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of quinoline derivatives, which are known for their broad spectrum of biological activities. These derivatives are often explored for their potential use in treating diseases such as malaria, cancer, and bacterial infections. Additionally, the compound is employed in the synthesis of agrochemicals, where it contributes to the creation of pesticides and herbicides. Its unique chemical properties also make it a candidate for research in material science, particularly in the development of organic semiconductors and light-emitting diodes (LEDs).